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Aveng (AEG)...free lunch?!

Aveng AEG small cap construction

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#741 Trader001

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Posted 06 September 2018 - 03:37 PM

Yes..spent 20K for about 200 000 shares on the Idea that MuR was going to buy Aveng.... then Aton (another German company??) with its 25.4% holding in Aveng stopped MuR to do it. I would have been better offif I had  pumped all of it into Steinhoff when I had that chance when the share was aroud R1.80.  I made a bit of a mistake there..BUT in hind sight the vision is always 20/20 hey!!!


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#742 realkingkam

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Posted 06 September 2018 - 02:21 PM

Are you guys holding and stocks ??
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#743 Trader001

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Posted 05 September 2018 - 10:43 PM

If it is not a rights issue the ordinary shareholders will be losing out as there is no incentive for them to buy more shares????. Also ..according to what I have read, they plan to issue a huge number of ordinary shares because they  want to raise about R2.5 billion..

 

so  logic dictates that the more shares to be issued the less monetary value per share ..less shares issued the more the monetary value seeked per share to cover that debt.

 

I cannot see how they are going to entice the ordinary man in the street to buy their shares . A big chunk of it ( new investment) will have to come from existing shareholders. That is why it could well be a rights offer?? 


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#744 Polly

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Posted 05 September 2018 - 12:37 PM

If the shareholders give the green light to issue more share to cover most of debt, it will most likely mean that existing shareholders will get an option to buy more shares depending on their existing shareholding. If you not going to do that then  your existing share value will dilute further..from 3 or 4 cents to 1 sent.????? Does this sound correct

 

and if so, and you are are already in this Aveng hole like I am, it would perhaps be better off to take up that option to buy more and then sell that option before it matures in order to recoup some of your money??? That what I am hoping for 

Dont think this is a rights issue again


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#745 Trader001

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Posted 05 September 2018 - 07:56 AM

If the shareholders give the green light to issue more share to cover most of debt, it will most likely mean that existing shareholders will get an option to buy more shares depending on their existing shareholding. If you not going to do that then  your existing share value will dilute further..from 3 or 4 cents to 1 sent.????? Does this sound correct

 

and if so, and you are are already in this Aveng hole like I am, it would perhaps be better off to take up that option to buy more and then sell that option before it matures in order to recoup some of your money??? That what I am hoping for 


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#746 realkingkam

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Posted 05 September 2018 - 07:38 AM

Thanks Shi...so at least something will happen on 10 Sept. Thanks for confirming that

Vote to release more shares or something like that to fund R2bil to pay off debt . Then sell certain assets keep core assets and rebuild . (Exit SA)
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#747 Trader001

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Posted 04 September 2018 - 07:49 PM

Thanks Shi...so at least something will happen on 10 Sept. Thanks for confirming that 


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#748 Shi

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Posted 04 September 2018 - 04:35 PM

What is happening at Aveng. Executive Director has resigned as from 31 August according to the latest Aveng SENS and the share price keep on hitting new lows and is now between 3 and 4 cents/share. What a tragedy!!!. Has this company got the ability to rescue itself from this dire situation or should we... and all the investors in their shares, just assume that this is the end of this company. Anybody with relevant info. ..According to my knowledge there is suppose to be a shareholders meeting on 10 September 2018 at Boksburg but to date there is just nothing in the news about this upcoming event. 

 

The SENS on 29th August refers to the 10 Sep meeting. Is this what you looking for?


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#749 Trader001

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Posted 04 September 2018 - 02:53 PM

What is happening at Aveng. Executive Director has resigned as from 31 August according to the latest Aveng SENS and the share price keep on hitting new lows and is now between 3 and 4 cents/share. What a tragedy!!!. Has this company got the ability to rescue itself from this dire situation or should we... and all the investors in their shares, just assume that this is the end of this company. Anybody with relevant info. ..According to my knowledge there is suppose to be a shareholders meeting on 10 September 2018 at Boksburg but to date there is just nothing in the news about this upcoming event. 


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#750 Lionelza1

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Posted 31 August 2018 - 04:16 PM

No, the bid price and offer price is rarely the actual pps with Aveng.


Yup u got that right... That's how I lost out when I was ready to sell...then I notice sell price wasn't the same. Didn't sell so stuck
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#751 Rex

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Posted 31 August 2018 - 10:21 AM

And back up to 5c 66% ... so as I novice I look at this and say if I put 100k in at 2c and sell at 5c I make 66k profit ... why not ? Am I missing something ?

 

No, the bid price and offer price is rarely the actual pps with Aveng.


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#752 realkingkam

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Posted 31 August 2018 - 10:16 AM

And back up to 5c 66% ... so as I novice I look at this and say if I put 100k in at 2c and sell at 5c I make 66k profit ... why not ? Am I missing something ?
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#753 realkingkam

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Posted 31 August 2018 - 09:59 AM

Aveng down to 2c yesterday .... lost cause or opportunity?!?!
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#754 Queen B

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Posted 30 August 2018 - 05:36 PM

Im Bleeding badly on this share

Crazy investment when it was active, but now Im stuck in a big hole of piss and crap


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#755 realkingkam

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Posted 30 August 2018 - 04:03 PM

For 12K I got 300 000 shares. Then if the sum is correct for another R 3 600 i will get another 300 000. Brings me to a ave of 2,65c per share. If our Useless Goverment can just start spending money this Company will pay out Big Time....

Is the BEE rhetoric not going to effect contract procurement this would effect Aveng negatively in this country even when spending picks up ? Let alone comp from the likes of wbho and group five ect... but what about Australia revenue is it big enough to bring this share price up past a rand maybe two (thinking out loud) please let me know your reasoning into this investment

I suppose it is a question self answered is the risk worth the investment
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#756 Chris101

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Posted 30 August 2018 - 03:40 PM

it looks to me like Aveng will be going back to shareholders to get R2.5 billion from them in terms of a share offer to settle 75% of debt and if you are holding lots of shares..you might get an offer to buy more at 1.3c per share..thats what i have figured out..This idea is going to be discussed with shareholders on 10 Sept 2018 acoording to my info.

 

So if you have 12K of shares..you will have a lot which will enable (guarantee) you to buy even more at 1.3 c per share..that is my calculatioFor 12K

For 12K I got 300 000 shares. Then if the sum is correct for another R 3 600 i will get another 300 000. Brings me to a ave of 2,65c per share. If our Useless Goverment can just start spending money this Company will pay out Big Time....


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#757 realkingkam

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Posted 29 August 2018 - 11:47 PM

it looks to me like Aveng will be going back to shareholders to get R2.5 billion from them in terms of a share offer to settle 75% of debt and if you are holding lots of shares..you might get an offer to buy more at 1.3c per share..thats what i have figured out..This idea is going to be discussed with shareholders on 10 Sept 2018 acoording to my info.

So if you have 12K of shares..you will have a lot which will enable (guarantee) you to buy even more at 1.3 c per share..that is my calculation now.

So after this whole thing they will be trading anywhere between 1.3c and 5c a share until they sell there liabilities and implement a turnaround?

And if the proposal is rejected then they going to buckle under the debt .... ?
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#758 Trader001

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Posted 29 August 2018 - 11:31 PM

it looks to me like Aveng will be going back to shareholders to get R2.5 billion from them in terms of a share offer to settle 75% of debt and if you are holding lots of shares..you might get an offer to buy more at 1.3c per share..thats what i have figured out..This idea is going to be discussed with shareholders on 10 Sept 2018 acoording to my info.

 

So if you have 12K of shares..you will have a lot which will enable (guarantee) you to buy even more at 1.3 c per share..that is my calculation now.


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#759 realkingkam

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Posted 29 August 2018 - 10:23 PM

Seriously considering it ... they released something at 17.45 relating to issues of bonds ECT... is this good or bad ??

at 5c a share blow R 12K and let it rest for a few years :-)


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#760 JK001

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Posted 29 August 2018 - 09:08 PM

at 5c a share blow R 12K and let it rest for a few years :-)


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